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Business, 24.04.2020 16:46 harleyandpope90

Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,280,000; sales of $4,705,000; cost of goods sold of $2,730,000; and operating expenses of $1,552,000. Assume a target income of 8% of average invested assets. Compute residual income for the division: Multiple Choice $33,840. $158,000. $80,600. $90,600. $38,100.

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